Commerce Bank Invests $628,000 in Sensient Technologies Co. (NYSE:SXT)

Commerce Bank purchased a new position in Sensient Technologies Co. (NYSE:SXT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,894 shares of the specialty chemicals company’s stock, valued at approximately $628,000.

A number of other hedge funds have also recently modified their holdings of SXT. Dark Forest Capital Management LP purchased a new position in Sensient Technologies during the second quarter worth about $35,000. O Shaughnessy Asset Management LLC raised its stake in Sensient Technologies by 178.6% during the second quarter. O Shaughnessy Asset Management LLC now owns 443 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 284 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Sensient Technologies by 96.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 527 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 259 shares during the period. FMR LLC raised its stake in Sensient Technologies by 18.1% during the second quarter. FMR LLC now owns 757 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 116 shares during the period. Finally, Stephenson National Bank & Trust raised its stake in Sensient Technologies by 109.5% during the third quarter. Stephenson National Bank & Trust now owns 1,471 shares of the specialty chemicals company’s stock worth $134,000 after purchasing an additional 769 shares during the period. 89.69% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 5th.

Sensient Technologies stock opened at $92.00 on Friday. The company’s 50 day simple moving average is $98.78 and its 200-day simple moving average is $92.61. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 33.45 and a beta of 0.88. Sensient Technologies Co. has a 1 year low of $69.96 and a 1 year high of $106.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.55 and a current ratio of 3.29.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Thursday, October 14th. The specialty chemicals company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $344.30 million for the quarter, compared to the consensus estimate of $327.60 million. Sensient Technologies had a net margin of 8.49% and a return on equity of 13.59%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Equities analysts expect that Sensient Technologies Co. will post 3.08 earnings per share for the current year.

About Sensient Technologies

Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group; Color Group; and Asia Pacific Group segments. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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